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Not a good buy right now. PINS is extremely oversold, but the trend is still decisively bearish (bearish moving averages and a deteriorating MACD), and the recent layoff/restructuring headline reinforces a near-term “pressure” narrative around ad spend. For an impatient buyer, the odds favor more chop/downside before a cleaner reversal signal appears. I would avoid initiating a new position today and only reconsider after price reclaims ~$22.6–$24.7 with improving momentum.
Trend/momentum remains bearish. The moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), signaling a sustained downtrend. MACD histogram is negative (-0.42) and negatively expanding, indicating downside momentum is still strengthening rather than stabilizing. RSI_6 at 15.53 is deeply oversold, which raises the probability of a short-term bounce, but oversold alone is not a reversal trigger when MACD/MA structure is still bearish.
Key levels: pre-market ~$22.09 is below S1 (22.58) and closer to S2 (21.277), meaning the stock is currently trading under a key support zone and could “search” for the next support. Pivot resistance is ~24.689; a move back above that pivot would be an early sign of stabilization.
Intellectia Proprietary Trading Signals

Cost actions/restructuring: workforce reduction and office space cuts could support margin trajectory toward low-30s EBITDA margins (per BofA) and potentially improve earnings power.
Upcoming earnings: QDEC 2025 earnings on 2026-02-12 (after hours) can reset expectations if ad demand/margins are better than feared.
Product/AI angle: ongoing narrative around AI-driven shopping/ads tooling remains a medium-term upside lever if execution shows up in revenue per user and advertiser performance.
with bearish MA stack and weakening MACD—risk of further downside before stabilization.
Latest reported quarter: 2025/Q3. Growth trends were strong: revenue $1.049B (+16.79% YoY), net income $92.1M (+201.44% YoY), EPS $0.15 (+275% YoY). Gross margin improved to 79.76% (+0.80% YoY). Fundamentals show improving profitability and healthy top-line growth, but near-term market focus is on ad-spend sensitivity and forward guidance into 2026.
Recent trend: ratings are still mostly Buy/Outperform/Overweight, but price targets have been cut meaningfully over the last ~2–3 months (e.g., MS $41→$32, GS $43→$36, BMO $41→$35, UBS $48→$40; Wedbush downgraded to Neutral with $30; Rosenblatt downgraded to Neutral $30). BofA reiterated Buy with a $39 target after the workforce reduction, framing it as margin supportive despite ad pressure signals.
Wall Street pros vs cons: Pros: valuation reset after the selloff, cost cuts that can protect/expand margins, continued AI/product catalysts, and still-solid historical growth/profitability trends. Cons: ad demand uncertainty (macro/tariffs), softer outlook risk, and rising competitive threats (AI/chatbot-led commerce discovery) that could cap multiple expansion.
Influential/politician activity: No recent congress trading data available; hedge funds and insiders are reported as Neutral with no significant recent trends.